The average listing price for a home in Riverside is currently $411,000 with a median sales price of $325,000. This makes it very easy to afford a home for those that live in Riverside, especially for firefighters. Sales prices have jumped nearly 5% over the last year.
Inventory has gone up due to new construction, making more subdivisions, neighborhoods and suburbs affordable to a wide range of new homebuyers. The median house sizes about 1850 ft.² and the median days on the market is about 50. The median list price is gone up about 3% to $360,000, up from $349,900 one year ago.
In the townhouse and condominium market, the median days on the market is about 49 with a median list price of $215,000, up 2% over last year. Total inventory has also increased by 51% over one year ago due to new construction and new project developments.
Riverside also has excellent schools with the majority of elementary schools rating 7 and above. Middle school ratings offer a wide range from 10 to 3 and highschools are primarily 6, 7 and 9, especially for Martin Luther King Jr. High School.
For more information on real estate in Riverside California contact the expert and professional home buyer assistance of Tina Droessler with Ronald Christopher & Associates.